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Case Studies in Not-for-Profit Accounting and Auditing

Author/Moderator: Bruce Chase, Ph.D., CPA and Laura Lindal, CPA and William Wagner, CPA
Publisher: AICPA
Availability: Varies by Format (See Below)
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Gain hands-on experience with case studies designed to simulate real-world scenarios and common problems in today’s not-for-profit environment. This CPE course goes beyond the theory and will show you how to navigate the key issues that arise in not-for-profit accounting and auditing.

Key Topics:

  • Financial statement requirements
  • Net asset classifications: unrestricted, temporarily restricted, and permanently restricted net assets
  • Consideration of fraud
  • Promises to give
  • Distinguishing contributions from exchange transactions
  • Auditing contributions
  • Contributed services
  • Split-interest agreements
  • Assessing internal control deficiencies
  • Capital campaigns and special events
  • Fundraising events and membership
  • Allocation of costs relating to fundraising
  • Audit issues related to the statement of functional expenses

Learning Objectives:
This course will prepare you to:

  • Identify the accounting differences between contribution and exchange transaction revenues
  • Recall key issues relating to the recording and valuation of contributed services
  • Identify key accounting issues related to pledges and special event costs associated with a capital campaign
  • Recognize financial statement presentation deficiencies by reviewing an incorrectly prepared statement
  • Apply important auditing concepts to a statement of functional expenses
  • Determine effective audit procedures to employ in response to identified fraud risk factors
  • Analyze critical concepts involved in auditing contributions

Who Will Benefit?
Not-for-profit professionals responsible for accounting and reporting and auditors of not-for-profits

Prerequisite: Experience in the not-for-profit environment

Advance Preparation: None

Not-for-Profit Section Members Save an Additional 20%! 

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or

Find out more information on the NFP Section.

NASBA Field of Study: Accounting and Auditing (Governmental)
Level: Intermediate
Recommended CPE Credit: Text - 8 (Governmental Accounting 4; Governmental Auditing 4); On-Demand - 6
Yellow Book Hours: Text - 8 (Governmental Accounting 4; Governmental Auditing 4); On-Demand - 6
Case Studies in Not-for-Profit Accounting and Auditing
Text , 2016
Product# 745216
Availability: In Stock
AICPA Member:$149.00
Your Price:$189.00
Case Studies in Not-for-Profit Accounting and Auditing
CPE On-Demand , 2016
Product# 163302
Availability: Online Access 1 Year
For registered users only
AICPA Member:$99.00
Your Price:$129.00
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